OMG: Google Agreed To A $700 Million Kill Fee For AdMob???

But in a late April article about Apple,
Bloomberg noted that Eric Schmidt had been so desperate to
win the AdMob bidding war over Apple that he agreed to an
astounding $700 million kill fee if the deal failed to go
through.

Eric Schmidt didn't answer the question. He just said he was
confident the deal would be approved.

And the deal should be approved. But the way the FTC is
acting (crazy), it may not be approved. Which means Google could
be out $700 million of cash for nothing.

And more to the point: A $700 million kill fee on a $750 million
purchase price is basically unheard-of. If Google agreed to a
$700 million kill fee, it absolutely should have told
shareholders about that the moment it announced the AdMob
deal.